Ray Co., Ltd. Balance Sheet

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	23,164	28,328	22,087	19,584	17,200	31,520
Trading Asset Securities	17,634	24,234	5,599	6,746	11,309	46,300
Cash & Short-Term Investments	40,798	52,562	27,686	26,331	28,509	77,820
Cash Growth	46.91%	89.85%	5.15%	-7.64%	-63.37%	178.51%
Accounts Receivable	37,091	39,051	55,311	91,800	48,451	25,342
Other Receivables	755.04	2,047	1,509	562.48	598.21	259.59
Receivables	37,846	41,098	59,320	92,430	49,178	25,734
Inventory	24,522	25,600	26,656	25,372	21,729	11,569
Prepaid Expenses	1,454	1,108	938.94	700.94	626.66	390.43
Other Current Assets	3,512	2,733	4,672	2,205	1,035	2,595
Total Current Assets	108,132	123,101	119,273	147,038	101,078	118,108
Property, Plant & Equipment	40,197	41,114	42,533	46,748	50,362	28,640
Long-Term Investments	6,700	6,700	7,706	15,655	16,319	13,311
Goodwill	-	-	7,978	14,519	18,872	-
Other Intangible Assets	3,055	2,893	6,020	5,672	6,647	842.99
Long-Term Accounts Receivable	959.8	768.16	2,890	4,861	5,775	2,520
Long-Term Deferred Tax Assets	-	-	-	6,740	3,698	5,467
Long-Term Deferred Charges	1,836	2,083	3,143	3,204	4,874	4,967
Other Long-Term Assets	15,426	15,580	14,673	15,115	14,571	3,452
Total Assets	176,305	192,240	204,215	259,552	222,196	177,308
Accounts Payable	7,309	5,323	12,709	18,781	7,650	4,173
Accrued Expenses	728.78	1,086	2,087	1,510	1,289	974.54
Short-Term Debt	60,712	73,483	63,000	45,000	42,885	6,937
Current Portion of Long-Term Debt	1,200	1,217	1,267	32,673	-	-
Current Portion of Leases	3,173	3,370	3,208	3,912	2,239	3,142
Current Income Taxes Payable	257.45	1,159	261.22	1,607	3,019	1,639
Other Current Liabilities	9,821	15,010	7,956	6,220	5,400	3,698
Total Current Liabilities	83,202	100,647	90,488	109,702	62,482	20,564
Long-Term Debt	370.46	672	14,940	155.4	32,608	44,057
Long-Term Leases	1,329	1,919	3,011	4,939	4,553	4,365
Pension & Post-Retirement Benefits	1,770	2,631	2,809	3,020	1,260	2,047
Long-Term Deferred Tax Liabilities	-	862.75	1,081	1,245	1,743	108.36
Other Long-Term Liabilities	11,163	10,713	17,468	9,295	3,243	2,758
Total Liabilities	97,836	117,445	129,797	128,356	105,888	73,899
Common Stock	7,801	7,801	7,757	7,642	7,007	6,653
Additional Paid-In Capital	107,062	100,443	100,463	93,353	72,442	71,863
Retained Earnings	-29,145	-32,100	-35,228	25,021	27,770	19,787
Comprehensive Income & Other	-5,464	341.92	345.34	1,151	8,801	1,852
Total Common Equity	80,254	76,487	73,336	127,167	116,020	100,154
Minority Interest	-1,796	-1,703	1,044	3,922	-	2,693
Shareholders' Equity	78,469	74,795	74,419	131,196	116,308	103,408
Total Liabilities & Equity	176,305	192,240	204,215	259,552	222,196	177,308
Total Debt	66,785	80,661	85,425	86,679	82,284	58,501
Net Cash (Debt)	-25,987	-28,099	-57,739	-60,348	-53,776	19,319
Net Cash Growth	-	-	-	-	-	15.65%
Net Cash Per Share	-1661.48	-1796.64	-3691.72	-3919.67	-3643.27	1368.52
Filing Date Shares Outstanding	15.63	15.6	15.51	15.28	14.01	13.31
Total Common Shares Outstanding	15.63	15.6	15.51	15.28	14.01	13.31
Working Capital	24,929	22,453	28,785	37,336	38,596	97,544
Book Value Per Share	5134.10	4902.35	4727.39	8320.28	8279.01	7526.71
Tangible Book Value	77,199	73,594	59,338	106,977	90,500	99,311
Tangible Book Value Per Share	4938.68	4716.91	3825.06	6999.25	6457.98	7463.36
Land	16,041	16,041	15,945	16,365	19,399	17,840
Buildings	21,812	21,766	21,415	21,036	22,203	4,219
Machinery	15,565	14,843	13,123	12,047	10,718	7,985
Construction In Progress	26.25	4.38	763.71	35.6	218.89	823.13